Abrahamsen Danielle Nicole 4

What Happened
Danielle Nicole Abrahamsen, Chief Accounting Officer of Commvault Systems, was recorded on 2026-04-22 as acquiring 1,258 performance stock units (PSUs). The filing shows this as a derivative award (no open-market price). Each PSU represents the right to receive one share of Commvault common stock; the units were part of a grant originally dated May 15, 2025 and are still subject to additional time-based vesting.

Key Details

• Transaction date: 2026-04-22 (Form 4 filed 2026-04-24 — filing appears timely).
• Transaction type: Award/Grant of derivative securities (PSUs); price reported as N/A.
• Shares/units granted: 1,258 PSUs (each PSU = one common share upon settlement).
• Vesting: 33% vests on the first anniversary of the grant date (May 15, 2026); then 8.375% vests at the end of each successive three-month period thereafter.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: PSUs reflect the number determined earned under performance criteria but remain subject to time-based vesting.

Context
This was a grant of performance-based, time-vesting units — not a purchase or sale of marketable shares. Such awards compensate and retain executives and do not by themselves indicate intent to buy or sell stock in the open market.